InsiderClue
Stocks · Technology · Semiconductors & Related Devices

Analog Devices

ADI Clue Score58
United States Fiscal year ends October CIK 0000006281
$406.19 +0.06% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $406.19 +141.92% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue3.42Operating income1.03Net income0.86EPS, diluted2.76Fiscal year 2017Revenue5.25 +53.3%Operating income1.16Net income0.81 −6.5%EPS, diluted2.29 −17.0%Fiscal year 2018Revenue6.22 +18.6%Operating income1.90Net income1.51 +87.1%EPS, diluted4.00 +74.7%Fiscal year 2019Revenue5.99 −3.8%Operating income1.71Net income1.36 −9.6%EPS, diluted3.65 −8.8%Fiscal year 2020Revenue5.60 −6.5%Operating income1.50Net income1.22 −10.4%EPS, diluted3.28 −10.1%Fiscal year 2021Revenue7.32 +30.6%Operating income1.69Net income1.39 +13.9%EPS, diluted3.46 +5.5%Fiscal year 2022Revenue12.01 +64.2%Operating income3.28Net income2.75 +97.7%EPS, diluted5.25 +51.7%Fiscal year 2023Revenue12.31 +2.4%Operating income3.82Net income3.31 +20.6%EPS, diluted6.55 +24.8%Fiscal year 2024Revenue9.43 −23.4%Operating income2.03Net income1.64 −50.7%EPS, diluted3.28 −49.9%Fiscal year 2025Revenue11.02 +16.9%Operating income2.93Net income2.27 +38.7%EPS, diluted4.56 +39.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3.42 5.25 6.22 5.99 5.60 7.32 12.01 12.31 9.43 11.02
Growth +53.3% +18.6% −3.8% −6.5% +30.6% +64.2% +2.4% −23.4% +16.9%
Operating income 1.03 1.16 1.90 1.71 1.50 1.69 3.28 3.82 2.03 2.93
Net income 0.86 0.81 1.51 1.36 1.22 1.39 2.75 3.31 1.64 2.27
Growth −6.5% +87.1% −9.6% −10.4% +13.9% +97.7% +20.6% −50.7% +38.7%
EPS, diluted 2.76 2.29 4.00 3.65 3.28 3.46 5.25 6.55 3.28 4.56
Growth −17.0% +74.7% −8.8% −10.1% +5.5% +51.7% +24.8% −49.9% +39.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin65.1%Operating margin30.0%Net margin25.2%Free cash flow margin34.0%Fiscal year 2017Gross margin60.4%Operating margin22.2%Net margin15.4%Free cash flow margin18.1%Fiscal year 2018Gross margin68.3%Operating margin30.5%Net margin24.2%Free cash flow margin35.1%Fiscal year 2019Gross margin67.0%Operating margin28.6%Net margin22.8%Free cash flow margin33.0%Fiscal year 2020Gross margin65.9%Operating margin26.7%Net margin21.8%Free cash flow margin32.9%Fiscal year 2021Gross margin61.8%Operating margin23.1%Net margin19.0%Free cash flow margin32.7%Fiscal year 2022Gross margin62.7%Operating margin27.3%Net margin22.9%Free cash flow margin31.4%Fiscal year 2023Gross margin64.0%Operating margin31.1%Net margin26.9%Free cash flow margin28.9%Fiscal year 2024Gross margin57.1%Operating margin21.6%Net margin17.3%Free cash flow margin33.1%Fiscal year 2025Gross margin61.5%Operating margin26.6%Net margin20.6%Free cash flow margin38.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 65.1% 60.4% 68.3% 67.0% 65.9% 61.8% 62.7% 64.0% 57.1% 61.5%
Operating margin 30.0% 22.2% 30.5% 28.6% 26.7% 23.1% 27.3% 31.1% 21.6% 26.6%
Net margin 25.2% 15.4% 24.2% 22.8% 21.8% 19.0% 22.9% 26.9% 17.3% 20.6%
Free cash flow margin 34.0% 18.1% 35.1% 33.0% 32.9% 32.7% 31.4% 28.9% 33.1% 38.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.29Capital expenditure−0.13Free cash flow1.16Buybacks−0.37Dividends paid−0.51Fiscal year 2017Operating cash flow1.15Capital expenditure−0.20Free cash flow0.95 −18.4%Buybacks−0.05Dividends paid−0.60Fiscal year 2018Operating cash flow2.44Capital expenditure−0.25Free cash flow2.19 +130.2%Buybacks−0.23Dividends paid−0.70Fiscal year 2019Operating cash flow2.25Capital expenditure−0.28Free cash flow1.98 −9.6%Buybacks−0.61Dividends paid−0.78Fiscal year 2020Operating cash flow2.01Capital expenditure−0.17Free cash flow1.84 −6.8%Buybacks−0.24Dividends paid−0.89Fiscal year 2021Operating cash flow2.74Capital expenditure−0.34Free cash flow2.39 +29.8%Buybacks−2.61Dividends paid−1.11Fiscal year 2022Operating cash flow4.48Capital expenditure−0.70Free cash flow3.78 +57.9%Buybacks−2.58Dividends paid−1.54Fiscal year 2023Operating cash flow4.82Capital expenditure−1.26Free cash flow3.56 −5.8%Buybacks−2.96Dividends paid−1.68Fiscal year 2024Operating cash flow3.85Capital expenditure−0.73Free cash flow3.12 −12.2%Buybacks−0.62Dividends paid−1.80Fiscal year 2025Operating cash flow4.81Capital expenditure−0.53Free cash flow4.28 +37.0%Buybacks−2.16Dividends paid−1.92
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.29 1.15 2.44 2.25 2.01 2.74 4.48 4.82 3.85 4.81
Capital expenditure −0.13 −0.20 −0.25 −0.28 −0.17 −0.34 −0.70 −1.26 −0.73 −0.53
Free cash flow 1.16 0.95 2.19 1.98 1.84 2.39 3.78 3.56 3.12 4.28
Growth −18.4% +130.2% −9.6% −6.8% +29.8% +57.9% −5.8% −12.2% +37.0%
Buybacks −0.37 −0.05 −0.23 −0.61 −0.24 −2.61 −2.58 −2.96 −0.62 −2.16
Dividends paid −0.51 −0.60 −0.70 −0.78 −0.89 −1.11 −1.54 −1.68 −1.80 −1.92

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.92Shareholders’ equity5.17Fiscal year 2017Cash1.05Shareholders’ equity10.16Fiscal year 2018Cash0.82Shareholders’ equity11.27Fiscal year 2019Cash0.65Shareholders’ equity11.71Fiscal year 2020Cash1.06Shareholders’ equity12.00Fiscal year 2021Cash1.98Total debt6.78Net cash (debt)−4.80Shareholders’ equity37.99Debt to equity0.18Fiscal year 2022Cash1.47Total debt6.55Net cash (debt)−5.08Shareholders’ equity36.47Debt to equity0.18Fiscal year 2023Cash0.96Total debt6.40Net cash (debt)−5.44Shareholders’ equity35.57Debt to equity0.18Fiscal year 2024Cash1.99Total debt7.03Net cash (debt)−5.04Shareholders’ equity35.18Debt to equity0.20Fiscal year 2025Cash2.50Total debt8.15Net cash (debt)−5.65Shareholders’ equity33.82Debt to equity0.24
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.92 1.05 0.82 0.65 1.06 1.98 1.47 0.96 1.99 2.50
Total debt n/a n/a n/a n/a n/a 6.78 6.55 6.40 7.03 8.15
Net cash (debt) n/a n/a n/a n/a n/a −4.80 −5.08 −5.44 −5.04 −5.65
Shareholders’ equity 5.17 10.16 11.27 11.71 12.00 37.99 36.47 35.57 35.18 33.82
Debt to equity n/a n/a n/a n/a n/a 0.18 0.18 0.18 0.20 0.24

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending November, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 29 Oct 2016 FY2017 28 Oct 2017 FY2018 3 Nov 2018 FY2019 2 Nov 2019 FY2020 31 Oct 2020 FY2021 30 Oct 2021 FY2022 29 Oct 2022 FY2023 28 Oct 2023 FY2024 2 Nov 2024 FY2025 1 Nov 2025
Margins
65.1% 60.4% 68.3% 67.0% 65.9% 61.8% 62.7% 64.0% 57.1% 61.5%
30.0% 22.2% 30.5% 28.6% 26.7% 23.1% 27.3% 31.1% 21.6% 26.6%
28.0% 17.8% 26.6% 24.8% 23.4% 18.2% 25.8% 29.3% 18.9% 24.6%
25.2% 15.4% 24.2% 22.8% 21.8% 19.0% 22.9% 26.9% 17.3% 20.6%
34.0% 18.1% 35.1% 33.0% 32.9% 32.7% 31.4% 28.9% 33.1% 38.8%
Spending
19.1% 18.5% 18.7% 18.9% 18.7% 17.7% 14.2% 13.5% 15.8% 16.0%
13.5% 13.2% 11.2% 10.8% 11.8% 12.5% 10.5% 10.3% 11.3% 11.4%
3.7% 3.9% 4.1% 4.6% 3.0% 4.7% 5.8% 10.3% 7.7% 4.8%
10.0% 13.8% 9.0% 8.3% 6.9% −4.6% 11.3% 8.1% 8.0% 16.4%
Returns
16.7% 7.9% 13.4% 11.6% 10.2% 3.7% 7.5% 9.3% 4.6% 6.7%
10.8% 3.8% 7.4% 6.4% 5.7% 2.7% 5.5% 6.8% 3.4% 4.7%
Balance and payout
n/a n/a n/a n/a n/a 0.18 0.18 0.18 0.20 0.24
59.6% 74.8% 46.7% 57.0% 72.6% 79.8% 56.2% 50.7% 109.8% 84.9%
75.9% 68.3% 42.5% 70.3% 61.4% 155.3% 109.1% 130.6% 77.2% 95.6%